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Hexaware Technologies IPO Subscription Status

Hexaware Technologies IPO was subscribed 2.79 times when bidding closed on 14 Feb 2025: QIB 9.55x, NII 0.22x, Retail 0.11x.

The Hexaware Technologies IPO has been subscribed 2.79x times overall. Retail investors have shown interest with bids for 0.11x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.22x. Within NII, Big HNI (B-HNI) subscribed 0.24x and Small HNI (S-HNI) subscribed 0.16x. Qualified Institutional Buyers (QIBs) have subscribed 9.55x. Data last updated on 10 Nov, 05:58 AM.

The IPO subscription period has ended. The issue opened on 12 Feb, 2025 and closes on 14 Feb, 2025. The shares are expected to list on stock exchanges on 19 Feb, 2025.

Full details Check GMP

Final subscription

2.79x

1,43,784 applications

Category-wise bids →

QIB

9.55x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

0.22x

bHNI 0.24x · sHNI 0.16x

HNI allotment odds →

Retail

0.11x

Every valid bid should be allotted

Retail allotment odds →

Employee

0.34x

Employee reservation

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 10 Nov 2026, 5:58 AM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Amount (Cr)	Bid details	Times
QIB	-	-	-	- of - -	9.55x
NII	-	-	-	- of - -	0.22x
bHNI — bid amount above ₹10 Lakh		-	-	- -	0.24
sHNI — bid amount ₹2–10 Lakh		-	-	- -	0.16
Retail	-	-	-	- of - -	0.11x
Employee	-	-	-	- of - -	0.34x
TOTAL	-	-	-	- 1,43,784 applications -	2.79x

Hexaware Technologies IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹708.

Applications

1,43,784

Allottees

1,43,763

Overall odds

All allotted

Amount collected

₹19,746 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
TOTAL 2.25x subscribed	1,43,784	27,89,71,116	12,36,15,318 2.25x subscribed	1,43,763	AllAll allotted

Hexaware Technologies IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

Full allotment

0.11x — undersubscribed. Every valid retail application should be allotted in full.

Small HNI (₹2–10 L)

Full allotment

0.16x — undersubscribed. Valid S-HNI bids should be allotted in full.

Big HNI (above ₹10 L)

Full allotment

0.24x — undersubscribed. Valid B-HNI bids should be allotted in full.

QIB (institutions)

9.55x

Proportionate allotment — at 9.55x, institutions receive ~10.5% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Institutional Backing

Massive institutional interest with QIBs subscribing 9.55x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	BHNI	SHNI	Retail	Employee
14 Feb 2025 Day 3	2.79x	9.55x	0.24x	0.16x	0.11x	0.34x	▼
QIB9.55x BHNI0.24x SHNI0.16x Retail0.11x Employee0.34x
13 Feb 2025 Day 2	0.15x	0.39x	0.02x	0.05x	0.06x	-	▼
QIB0.39x BHNI0.02x SHNI0.05x Retail0.06x
12 Feb 2025 Day 1	0.03x	0.04x	0.01x	0.02x	0.04x	-	▼
QIB0.04x BHNI0.01x SHNI0.02x Retail0.04x

Hexaware Technologies IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed

Open 12 Feb 2025
Close 14 Feb 2025
Allotment 17 Feb 2025
Refund/credit 18 Feb 2025
Listing 19 Feb 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	SMALLCAP WORLD FUND,INC.	SMALLCAP WORLD FUND	2977317	₹210.79 Cr	8.11%	2.41%
2	ICICI PRUDENTIAL TECHNOLOGY FUND	ICICI PRUDENTIAL MUTUAL FUND	1841658	₹130.39 Cr	5.02%	1.49%
3	ABU DHABI INVESTMENT AUTHORITY-MONSOON	ABU DHABI INVESTMENT	1841658	₹130.39 Cr	5.02%	1.49%
4	GOVERNMENT OF SINGAPORE	GOVERNMENT OF SINGAPORE	1500345	₹106.22 Cr	4.09%	1.21%
5	GOVERNMENT PENSION FUND GLOBAL	GOVERNMENT PENSION FUND GLOBAL	1471071	₹104.15 Cr	4.01%	1.19%
6	SBI LONG TERM EQUITY FUND	SBI MUTUAL FUND	1439151	₹101.89 Cr	3.92%	1.16%
7	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	GOLDMAN SACHS	1397088	₹98.91 Cr	3.81%	1.13%
8	HDFC MUTUAL FUND - HDFC MID-CAP OPPORTUNITIES FUND	HDFC MUTUAL FUND	1328124	₹94.03 Cr	3.62%	1.07%
9	T. ROWE PRICE INTERNATIONAL DISCOVERY FUND	T. ROWE PRICE	1254162	₹88.79 Cr	3.42%	1.01%
10	MOTILAL OSWAL LARGE CAP FUND	MOTILAL OSWAL MUTUAL FUND	877002	₹62.09 Cr	2.39%	0.71%
11	PICTET-INDIAN EQUITIES	PICTET	817278	₹57.86 Cr	2.23%	0.66%
12	ABU DHABI INVESTMENT AUTHORITY-STABLE	ABU DHABI INVESTMENT	718578	₹50.88 Cr	1.96%	0.58%
13	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND	AXIS MUTUAL FUND	701799	₹49.69 Cr	1.91%	0.57%
14	KOTAK EMERGING EQUITY SCHEME	KOTAK MAHINDRA MUTUAL FUND	700539	₹49.60 Cr	1.91%	0.57%
15	SCHRODER INTERNATIONAL SELECTION FUND-INDIAN EQUITY	SCHRODER	606354	₹42.93 Cr	1.65%	0.49%
16	MIRAE ASSET LARGE & MIDCAP FUND	MIRAE ASSET MUTUAL FUND	606354	₹42.93 Cr	1.65%	0.49%
17	MANULIFE GLOBAL FUND - INDIA EQUITY FUND	MANULIFE	606354	₹42.93 Cr	1.65%	0.49%
18	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	ICICI PRUDENTIAL LIFE INSURANCE	606354	₹42.93 Cr	1.65%	0.49%
19	FIDELITY FUNDS-INDIA FOCUS FUND	FIDELITY	598059	₹42.34 Cr	1.63%	0.48%
20	MOTILAL OSWAL DIGITAL INDIA FUND	MOTILAL OSWAL MUTUAL FUND	594069	₹42.06 Cr	1.62%	0.48%
21	JPMORGAN INDIAN INVESTMENT TRUST PLC	J.P.MORGAN	577710	₹40.90 Cr	1.57%	0.47%
22	FIDELITY FUNDS - SUSTAINABLE ASIA EQUITY FUND	FIDELITY	540099	₹38.24 Cr	1.47%	0.44%
23	PICTET - ASIAN EQUITIES EX JAPAN	PICTET	490350	₹34.72 Cr	1.34%	0.40%
24	ALPS/KOTAK INDIA ESG FUND	ALPS/KOTAK INDIA ESG	465108	₹32.93 Cr	1.27%	0.38%
25	ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	420735	₹29.79 Cr	1.15%	0.34%
26	SBI TECHNOLOGY OPPORTUNITIES FUND	SBI MUTUAL FUND	381339	₹27.00 Cr	1.04%	0.31%
27	JPMORGAN INDIA FUND	J.P.MORGAN	369012	₹26.13 Cr	1.01%	0.30%
28	PACIFIC HORIZON INVESTMENT TRUST PLC	PACIFIC HORIZON INVESTMENT	359289	₹25.44 Cr	0.98%	0.29%
29	DSP MULTICAP FUND	DSP MUTUAL FUND	359289	₹25.44 Cr	0.98%	0.29%
30	3P INDIA EQUITY FUND 1M	3P INDIA	359289	₹25.44 Cr	0.98%	0.29%
31	KOTAK BUSINESS CYCLE FUND	KOTAK MAHINDRA MUTUAL FUND	350238	₹24.80 Cr	0.95%	0.28%
32	ADITYA BIRLA SUN LIFE MULTI-CAP FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	350112	₹24.79 Cr	0.95%	0.28%
33	ADITYA BIRLA SUN LIFE MIDCAP FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	350112	₹24.79 Cr	0.95%	0.28%
34	ADITYA BIRLA SUN LIFE MNC FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	350112	₹24.79 Cr	0.95%	0.28%
35	JP MORGAN FUNDS	J.P.MORGAN	349104	₹24.72 Cr	0.95%	0.28%
36	MONETARY AUTHORITY OF SINGAPORE	MONETARY AUTHORITY OF SINGAPORE	341313	₹24.16 Cr	0.93%	0.28%
37	BARODA BNP PARIBAS MULTI CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	302778	₹21.44 Cr	0.83%	0.24%
38	FIDELITY INVESTMENT FUNDS - FIDELITY ASIA FUND	FIDELITY	300783	₹21.30 Cr	0.82%	0.24%
39	FRANKLIN INDIA TECHNOLOGY FUND	FRANKLIN TEMPLETON MUTUAL FUND	298557	₹21.14 Cr	0.81%	0.24%
40	COPTHALL MAURITIUS INVESTMENT LTD.-ODI ACCOUNT	COPTHALL	284193	₹20.12 Cr	0.77%	0.23%
41	KOTAK INDIA EQ CONTRA FUND	KOTAK MAHINDRA MUTUAL FUND	280203	₹19.84 Cr	0.76%	0.23%
42	UTI MIDCAP FUND	UTI MUTUAL FUND	264180	₹18.70 Cr	0.72%	0.21%
43	HSBC MULTI ASSET ALLOCATION FUND	HSBC MUTUAL FUND	224448	₹15.89 Cr	0.61%	0.18%
44	T. ROWE PRICE INTERNATIONAL SMALL-CAP EQUITY TRUST	T. ROWE PRICE	216909	₹15.36 Cr	0.59%	0.18%
45	EMERGING MARKETS GROWTH FUND, INC.	EMERGING MARKETS GROWTH	215754	₹15.28 Cr	0.59%	0.17%
46	HDFC TECHNOLOGY FUND	HDFC MUTUAL FUND	212499	₹15.04 Cr	0.58%	0.17%
47	MIRAE ASSET INDIA SMALL-MID CAP FOCUS EQUITY MASTER INVESTMENT TRUST	MIRAE ASSET	211848	₹15.00 Cr	0.58%	0.17%
48	FIDELITY FUNDS - SUSTAINABLE ASIA EQUITY II POOL	FIDELITY	211302	₹14.96 Cr	0.58%	0.17%
49	AMERICAN FUNDS INSURANCE SERIES-GLOBAL SMALL CAPITALIZATION FUND	AMERICAN FUNDS INSURANCE SERIES	207753	₹14.71 Cr	0.57%	0.17%
50	FIDELITY FUNDS - ASIAN SPECIAL SITUATIONS FUND	FIDELITY	191415	₹13.55 Cr	0.52%	0.15%
51	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD.	BAJAJ ALLIANZ LIFE	173985	₹12.32 Cr	0.47%	0.14%
52	PICTET - EMERGING MARKETS	PICTET	163443	₹11.57 Cr	0.45%	0.13%
53	HDFC BUSINESS CYCLE FUND	HDFC MUTUAL FUND	159369	₹11.28 Cr	0.43%	0.13%
54	OPTIMIX WHOLESALE GLOBAL EMERGING MARKETS SHARE TRUST	OPTIMIX	150276	₹10.64 Cr	0.41%	0.12%
55	MIRAE ASSET INDIA MID CAP EQUITY FUND	MIRAE ASSET	147441	₹10.44 Cr	0.40%	0.12%
56	HDFC LARGE & MID CAP FUND	HDFC MUTUAL FUND	141666	₹10.03 Cr	0.39%	0.11%
57	CAPITAL GROUP EMERGING MARKETS TOTAL OPPORTUNITIES (LUX)	CAPITAL GROUP	141246	₹10.00 Cr	0.38%	0.11%
58	AMERICAN FUNDS DEVELOPING WORLD GROWTH & INCOME FUND	AMERICAN FUNDS	141246	₹10.00 Cr	0.38%	0.11%
59	KOTAK INFINITY FUND - CLASS AC	KOTAK	141246	₹10.00 Cr	0.38%	0.11%
60	KOTAK TECHNOLOGY FUND	KOTAK MAHINDRA MUTUAL FUND	140091	₹9.92 Cr	0.38%	0.11%
61	AMUNDI FUNDS NEW SILK ROAD	AMUNDI	135240	₹9.57 Cr	0.37%	0.11%
62	FLORIDA RETIREMENT SYSTEM-ALLSPRING GLOBAL INVESTMENTS,LLC (EMSC)	FLORIDA RETIREMENT SYSTEM	134841	₹9.55 Cr	0.37%	0.11%
63	FRANKLIN TEMPLETON INVESTMENT FUNDS - TEMPLETON EMERGING MARKETS SMALLER COMPANIES FUND	FRANKLIN TEMPLETON	117537	₹8.32 Cr	0.32%	0.10%
64	AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06/04LIFEBALANC104 - BALANCED FUND	AXIS MAX LIFE INSURANCE	117495	₹8.32 Cr	0.32%	0.10%
65	EDELWEISS RECENTLY LISTED IPO FUND	EDELWEISS MUTUAL FUND	112224	₹7.95 Cr	0.31%	0.09%
66	TOCU EUROPE III S.A R.L.	TOCU EUROPE III	112224	₹7.95 Cr	0.31%	0.09%
67	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	ADITYA BIRLA SUN LIFE INSURANCE	112224	₹7.95 Cr	0.31%	0.09%
68	NS PARTNERS SUSTAINABLE GLOBAL EM FUND	NS PARTNERS	112224	₹7.95 Cr	0.31%	0.09%
69	CLSA GLOBAL MARKETS PTE. LTD - ODI	CLSA GLOBAL MARKETS	112224	₹7.95 Cr	0.31%	0.09%
70	LIONGLOBAL INVESTMENT FUNDS-LIONGLOBAL INDIA FUND	LIONGLOBAL	112224	₹7.95 Cr	0.31%	0.09%
71	BHARTI AXA LIFE INSURANCE CO.LTD.	BHARTI AXA LIFE INSURANCE	112224	₹7.95 Cr	0.31%	0.09%
72	TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC	TEMPLETON	93828	₹6.64 Cr	0.26%	0.08%
73	OP-INDIA FUND	OP-INDIA	88326	₹6.25 Cr	0.24%	0.07%
74	CUSTODY BANK OF JAPAN, LTD. RE: STB JF INDIA EQUITY ACTIVE OPEN MOTHER FUND	AMUNDI	86919	₹6.15 Cr	0.24%	0.07%
75	AXIS MULTI ASSET ALLOCATION FUND	AXIS MUTUAL FUND	84189	₹5.96 Cr	0.23%	0.07%
76	EMPLOYEES PROVIDENT FUND BOARD MANAGED BY AMUNDI MALAYSIA SDN BHD	EMPLOYEES PROVIDENT FUND BOARD	82803	₹5.86 Cr	0.23%	0.07%
77	BNP PARIBAS FINANCIAL MARKETS-ODI	BNP PARIBAS	75180	₹5.32 Cr	0.20%	0.06%
78	SOCIETE GENERALE-ODI	SOCIETE GENERAL	75180	₹5.32 Cr	0.20%	0.06%
79	GHISALLO MASTER FUND LP	GHISALLO	75180	₹5.32 Cr	0.20%	0.06%
80	QUBE MASTER FUND LTD	QUBE MASTER	75177	₹5.32 Cr	0.20%	0.06%
81	DISCOVERY GLOBAL OPPORTUNITY (MAURITIUS) LTD	DISCOVERY GLOBAL OPPORTUNITY	75159	₹5.32 Cr	0.20%	0.06%
82	ASTORNE CAPITAL VCC-ARVEN	ASTORNE CAPITAL	75159	₹5.32 Cr	0.20%	0.06%
83	NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT,LP	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	73983	₹5.24 Cr	0.20%	0.06%
84	AMUNDI AZIONARIO OPPORTUNITA ORIENTE	AMUNDI	70623	₹5.00 Cr	0.19%	0.06%
85	AMUNDI FUNDS ASIA EQUITY CONCENTRATED	AMUNDI	70623	₹5.00 Cr	0.19%	0.06%
86	TEMPLETON EMERGING MARKETS FUND	TEMPLETON	70623	₹5.00 Cr	0.19%	0.06%
87	TEMPLETON DEVELOPING MARKETS TRUST	TEMPLETON	70623	₹5.00 Cr	0.19%	0.06%
88	BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND	BARODA BNP PARIBAS MUTUAL FUND	56511	₹4.00 Cr	0.15%	0.05%
89	AXIS MAX LIFE INSURANCE LTD.	AXIS MAX LIFE INSURANCE	56490	₹4.00 Cr	0.15%	0.05%
90	PGIM INDIA LARGE & MIDCAP FUND	PGIM INDIA MUTUAL FUND	55052	₹3.90 Cr	0.15%	0.04%
91	UTI MNC FUND	UTI MUTUAL FUND	52836	₹3.74 Cr	0.14%	0.04%
92	UTI BALANCED ADVANTAGE FUND	UTI MUTUAL FUND	42273	₹2.99 Cr	0.12%	0.03%
93	PGIM INDIA MULTI CAP FUND	PGIM INDIA MUTUAL FUND	31525	₹2.23 Cr	0.09%	0.03%
94	SBI MAGNUM CHILDREN'S BENEFIT FUND	SBI MUTUAL FUND	21168	₹1.50 Cr	0.06%	0.02%
95	PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIA HYBRID EQUITY FUND	PGIM INDIA MUTUAL FUND	18950	₹1.34 Cr	0.05%	0.02%
96	PGIM INDIA RETIREMENT FUND	PGIM INDIA MUTUAL FUND	6697	₹0.47 Cr	0.02%	0.01%
	TOTAL		36,694,914	₹2,598.01 Cr	99.98%

View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Hexaware Technologies IPO?

As of IPO close date (14 Feb, 2025), the Hexaware Technologies IPO is subscribed 2.79x times. Retail category is 0.11x, and NII is 0.22x subscribed.

When is the allotment date for Hexaware Technologies IPO?

The allotment for Hexaware Technologies IPO is expected to be finalized on 17 February, 2025.

What is the GMP of Hexaware Technologies?

The Grey Market Premium (GMP) for Hexaware Technologies is currently ₹1, indicating a potential listing gain of 0%.

When will Hexaware Technologies IPO list on the stock market?

Hexaware Technologies is scheduled to list on BSE and NSE on 19 February, 2025.

What are the chances of getting allotment in Hexaware Technologies IPO?

The retail category is currently undersubscribed at 0.11x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.

What does QIB subscription of 9.55x mean for Hexaware Technologies IPO?

Moderate — QIBs have subscribed 9.55x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Hexaware Technologies IPO allotment status?

After the allotment date (17 Feb, 2025), you can check your Hexaware Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Hexaware Technologies IPO further

Track every stage of this IPO, from subscription to listing.

01 Next step

IPO details

It has listed — go back to the fundamentals.

₹674 to ₹708

Read the full profile

GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹1

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IPO review

What brokers and analysts are saying about this issue, in one place.

Reviews awaited

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Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 17 Feb

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

2.79x

QIB

9.55x

NII

0.22x

bHNI

0.24x

sHNI

0.16x

Retail

0.11x

Full IPO details